1、 Price trend

According to the monitoring data of the Business News Agency, the average price of EPS ordinary material at the beginning of the week was 10500 yuan/ton, and the average price of EPS ordinary material at the end of the week was 10450 yuan/ton, down 0.48%, up 2.70% compared with the same period of the year.

2、 Market analysis

Near the end of the year, terminal parking was widespread, and market sentiment was cold. In recent years, the continuous expansion of EPS production capacity led to an obvious imbalance between supply and demand. Some businesses were short of the future market, and were cautious to wait and see. At the end of the year, the stock was relatively small, and the overall trading volume was poor. With the further reduction of temperature in the north, the demand for insulation panels represented by North China and Northeast China may fall to freezing point, and some EPS devices are expected to stop in advance.

On the cost side, the supply of styrene may remain high, and the demand for downstream hard rubber, especially EPS, will continue to weaken, but the intention to be bullish on funds has not changed temporarily. On the supply side, some early shutdown devices will resume production. On the demand side, as the Spring Festival approaches, the demand for downstream large parking areas is expected to continue to weaken next week.

3、 Aftermarket forecast

The price of styrene rose first and then fell, and the EPS transaction was weak. It is expected that the EPS price will be mainly in a weak trend.